Bitcoin Short In Anticipation of BitInstant Panic

Shorted the technical break of $800 to
see if the BitInstant CEO arrest news
catalyst can lead to a "true panic".
The $765 level has been holding BTC
up, but this could really sell off if we snap
with volume .

However, I will be quick to cut off this trade
if we don't get immediate follow-through. I
have very little patience to the downside after
waiting so long to take profits on my last short.

hello Chris. I like your videos, I watched all of them in youtube and I followed here. I am trading mainly with alt coins since 13th devember 2013 and I am newbie in technical analysis. I need your pro opinion about something that I made today. It is all about this graph - https://www.tradingview.com/e/sxZJXurz/ Do you think that I pointed right support and resistance levels? Do you think I am right about that horizintal triangle corrective wave and the drop after E is because of the type of the chart not because of some random drop? Thank you in advance!

I think it was a combination of a "heavy" or weak looking technical chart with people just looking for a reason to sell. As you can see, the price has kind of recovered after the breakdown to my target.